US Fast Food Strike - i hope you guys survive it..

[Mr Khan]

Cubedramirez said:

Raising the wage will do nothing but have a negative rippled effect through the market, cost will go up, quality of life will require that much more capital than before and now we're at a place where a 15 dollar hour job at an entry level pushes wages up for other sectors and now the purchasing power of that 15 dollar an hour buys what 7 dollars an hour used to. It's a never ending cycle. The only way to address this is for the employee to grow out of entry level positions. That responsibility falls squarely on the employee, not the business. 

We can also debate the devaluing of the dollar which has a disproportionate impact on lower income earners. That’s the real boogie man here, not Ronald McDonald. 

I'd say devaluing the dollar hurts the middle class more. The working poor get their money and spend it, and those on public assistance see their benefits flex along the consumer price index. The wealthy, owning businesses, stocks, and other physical assets benefit from inflation. The middle class, who tend more towards bonds and savings, are the ones who get hit.